Tax Audits and Risk Management

With the growing complexity of tax law combined with the increasing focus on corporate governance on tax compliance, ensuring your exposure to tax risk is well managed is becoming vital. We assist clients in the management of tax audits conducted by the Australian Taxation Office and the Office of State Revenue. We also conduct prudential tax audits and health check reviews in respect of tax related areas.

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Changes to taxation of Employee Share Schemes

Changes were made to the Employee Share Scheme (‘ESS’) rules from 1 July 2015 which provide more concessional treatment in relation to the timing of taxation of options and rights. The rules also provide concessions in relation to the taxation of ESS interests issued by eligible ‘start-up companies’ to employees. There are various conditions that must be satisfied to gain access to the concessions.

We have expert knowledge in advising on the intricacies of the ESS rules and ensuring that the taxing point for employees is aligned with the realisation of value of the ESS interests.